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    AO can make best judgement assessment if no return filed. Petitioner didn't pursue case. AO's action valid, favoring revenue.
    Assessee's registration cancellation set aside; Board's rural development activities qualified as charitable purpose u/s 2(15).
    Mere profit on sale can't treat transaction as business. Disposal of investment property is capital gain, not income.
    Stay of demand beyond 365 days allowed if delay not assessee's fault. Proviso limiting extension struck down. Apex court, Bombay HC upheld.
    FAO Jurisdiction Exclusive for Notices: JAO-Issued Notice u/s 148 Quashed for Lack of Authority and Timing Issues.
    Interim order allows Rs. 97cr royalty repatriation after TDS, citing deposits, no demand & delayed assessment. Expedite assessment by 31.12.2024.
    High Court affirmed 6% disallowance of bogus purchases by Income Tax Tribunal based on facts & evidence. No interference warranted.
    Interest on ICDs & FDs rightly treated as business income for leasing & financing firm despite no NBFC registration. Rule of consistency upheld.
    Immovable property purchase: If consideration < stamp duty value by >Rs.50k/10%, addition u/s 56(2)(x) to buyer. 10% tolerance allowed.
    Supreme Court Upholds ALV Addition for Unsold Units; CIT(A)'s Deletion Reversed, Taxability of Vacant Lands Reassessed.
    Director's Commission Allowed as Business Expense Under Sec 36(1)(ii); Weighted Deduction Claim Approved Under Sec 35(2AB.
    Software License Payments Not Royalties Under India-UK Tax Treaty; No TDS Deduction Required for Indian End-Users.
    Inadequate scrutiny of loans, funds transfers, interest income & share sale profits led to erroneous assessment favoring assessee.
    Overseas Sales Commission Not "Fees for Technical Services" Under Income Tax Act; Misclassification Corrected.
    Trust's income tax liability determined by last will, not max rate. AO & CIT(A) erred in applying Sec 164(1). Sec 160(iv) applies.
    Penalty for Inaccurate Income Details Invalidated Due to Lack of Evidence on Taxpayer's Good Faith in ALP Computation.
    Appeal delay condoned. Rectification petition pending disposal justified delay. Appellant pursued alternate remedy bonafidely.
    Reassessment validity hinges on initial reasons; AO can't deviate. Explanation 3 doesn't allow changing original grounds.
    Appeals on Inadequate Sentences Under CrPC Sec 377 Dismissed; Sessions Judge Handles IT Act Conviction Appeals.
    Reopening assessment allowed despite ex post facto approval from Principal Chief Commissioner for issuing notice u/s 148(A)(b).
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